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U.S. coffee chain Starbucks is struggling to grow in China where local competitors have been expanding fast, beating it in both number of stores and revenues. Starbucks saw revenue from over 7,300 stores in mainland China dropped 11% year-on-year to $734 million in the second quarter this year. Same-store sales …

Japanese Prime Minister Fumio Kishida, in a surprise move Wednesday, announced he will not run in the upcoming party leadership vote in September, paving the way for Japan to have a new prime minister. Kishida was elected president of his governing Liberal Democratic Party in 2021 and his three-year term …

Thailand’s Constitutional Court on Wednesday dismissed Prime Minister Srettha Thavisin for appointing to his cabinet a former lawyer who served jail time, raising the spectre of more political upheaval and a reset of the governing alliance. Real estate tycoon Srettha becomes the fourth Thai premier in 16 years to be …